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RE: Cryptocurrency: Utility Is The Most Important Thing

I agree with you @shanghaipreneur. When HIVE is taken out and sold for another crypto, that diminishes the value.

It is up to us to create a self contained ecosystem. This is where utility enters. For example, what about HIVE being used to purchase products and services that people need. We then do not see the diminishing of the value of the token but, rather, an increase. If the Hive economy grows, the token will, instead of being sold off, will be utilized.

Against other currencies, the overall price could then rise as use cases expand in number. This would likely cause less selling on exchanges and keep the token within the ecosystem.

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